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Neteller
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Neteller - Casino Payment Method

Founded in 1999 as an online system, Neteller originated from Canada with Optimal Payments PLC Company. The company moved to the Isle of Man in 2004 where it was subjected to the FSA regulations, a UK regulatory body. Even though Neteller is not a bank, technically, all the customer funds are usually stored in a separate trust account. This means that should the funds be required immediately for withdrawal, there should be no challenge.

 

Also, even in the unlikely case of Neteller suffering from bankruptcy, users are protected. There are millions of customers who use Neteller from all over the world and the platform is accepted in over 200 countries. Gamblers often use Neteller to credit their online casino accounts even though there are different options. In order to open a Neteller account, all you need to do is to enter a valid email account. You can then go ahead and enter your personal details such as name, address, password, and a security question.

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Deposits and Withdrawals

In order to deposit into your Neteller account, you will need to start by logging into your account. You can then click on “cashier” before clicking on “deposit”. Click on the Neteller payment option before clicking on Deposit now. You can go ahead and enter the amount you would like to transfer as well as the bonus card, in case you have one. Once making the deposit into your account, you can decide how to use the funds.

 

When it comes to withdrawal, you can choose to withdraw money directly to a bank account and access the funds at thousands of ATM from around the world. To complete the transaction, visit your Neteller account and click on the section labelled 'Money Out'. Choose the section on Bank withdrawal before clicking on 'Add bank account'. You can then enter the bank account details. In case you are not clear on the bank account details, get in touch with the bank. You can click 'Continue' to get a confirmation of the details.

Advantages

  • Available in many countries of the world
  • Secure
  • Reliable

Disadvantages

  • High fees
  • There may be limits on deposits and withdrawals.
  • Cumbersome account verification process

Review and Summary

Neteller is a simple, fast and secure way of making money transfers as well as online payments. After going through the simple setup process, you can upload funds into your Neteller account and you will begin to receive money from a third party. However, in order to enjoy the full functionality, it is advisable to verify your account by providing extra information. In most cases, all you need is a scanned ID or a passport.

 

You can connect your prepaid card to a Neteller account, use it to buy products online and make some withdrawals from any ATM that accepts Mastercard worldwide. As long as you have a valid email address, you can pay your friends as well as family members in a fast and easy way without having to go directly through a bank. You can see why Neteller is a very popular payment method. On the other hand, if you want to withdraw from your Neteller account, you may be required to verify your account.